Wesco Int’l Divests Canadian Datacom Business to Guillevin
Following the similar sale of its Canadian utility business, the move was required to meet agreements as part of Wesco’s Anixter acquisition.
Following the similar sale of its Canadian utility business, the move was required to meet agreements as part of Wesco’s Anixter acquisition.
Net sales for the fourth quarter increased 97%, which the wholesale distributor attributes in large part to acquiring rival Anixter in 2020.
The deal partially fulfills Wesco’s pledge to divest its Canadian utility and datacom businesses in connection to its merger with Anixter.
In addition to Anixter, the Safe Zone Gunfire Detection System is available through ADI, Wesco and many other mid-market regional distributors.
The transaction was in the works since last year and getting to this point required Wesco to fight off a private equity firm that wanted to buy Anixter.
The transaction is expected to close in the second or third quarter of 2020, subject to the satisfaction of remaining customary closing conditions.
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